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Thread: Sortfolio: Going once, going twice...

  1. #1
    Bond is offline
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    Default Sortfolio: Going once, going twice...

    "Sortfolio
    continued to run itself for another year, generating over $200,000 in profit for us during that time."

    "We’ve put
    Sortfolio on the clock: We either sell it by July 1, or we close it down. And we’ll make it easier this time so there’s no guessing: The price is $480,000, cash."

    "We’ve put next to no effort into it over the last year… If you put some effort in you should see significantly higher sales. With over 10,000 free accounts, there’s tons of untapped opportunity here in the existing customer base. And of course plenty more on the outside or in entirely different industries."

    Sortfolio: Going once, going twice... - (37signals)

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    GlobalWealth is offline
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    Quote Originally Posted by Bond View Post
    We either sell it by July 1, or we close it down
    Interesting. It is making $200k.....


    Quote Originally Posted by Bond View Post
    We’ve put next to no effort into it over the last year…
    ...with little or no effort and you will close it down by July if it doesn't sell.

    Doesn't seem rational to me.
    Bobby Casey - GWP - GWP Insiders - GEH
    Asset Protection and Offshore Planning - Conferences - Education

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    yahdmon is offline
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    Sounds like a do it yourself opportunity than anything

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    Bond is offline
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    Quote Originally Posted by GlobalWealth View Post
    Interesting. It is making $200k.....




    ...with little or no effort and you will close it down by July if it doesn't sell.

    Doesn't seem rational to me.

    Yeah, I think they're wrong with this one.
    Also saying they haven't done any effort this past year doesn't go well with current customers...

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    Alty is offline
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    As a paying customer, I’m so happy to hear you’ve put “no effort into it in the last year. I can confirm this by the total absence of leads from Sortfolio, despite the health of our other initiatives.

    Account cancelled.
    Ouch!!

  6. #6
    MJ DeMarco is online now
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    Quote Originally Posted by Bond View Post
    We’ve put next to no effort into it over the last year…
    What a horrific thing to tell your customers.

    As a paying customer, I’m so happy to hear you’ve put “no effort into it in the last year. I can confirm this by the total absence of leads from Sortfolio, despite the health of our other initiatives.

    Account cancelled.
    I would do the same thing.

    Seriously, think about it ... do you want to be a customer of a business that is someone's 4 hour work week? (Of course, 37's other products aren't 4HWW stuff)

  7. #7
    tincho1492 is offline
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    Awful trait to its customers. IMO, there are better ways to refocus your business. If you're generating $200K in revenue, you can hire someone or a team to continue the product, but being part of 37S, because 37S is what gives value to paying $99/month.

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    PatrickP is offline
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    My guess would be that they ARE putting effort and time into it and they could not hire anyone enough people for less than 200K to run it.

  9. #9
    sam22 is offline
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    Wow, that's kinda impressive (and maybe a little dangerous) that they're generating $200k from 170 people: $99/month x 12months a year x 170 = $201,960.

  10. #10
    Bond is offline
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    Quote Originally Posted by sam22 View Post
    Wow, that's kinda impressive (and maybe a little dangerous) that they're generating $200k from 170 people: $99/month x 12months a year x 170 = $201,960.
    Remember 37signals is a big brand so it's easier for them to attract customers willing to pay that...

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